Facebook Talking To The FTC To Make Their Issues Go Away

The Washington Post is reporting today that Facebook is negotiating a record breaking, multi-billion dollar settlement with the FTC to make their issues go away:

The fine would be the largest the agency has ever imposed on a technology company, but the two sides have not yet agreed on an exact amount. Facebook has expressed initial concern with the FTC’s demands, one of the people said. If talks break down, the FTC could take the matter to court in what would likely be a bruising legal fight.

Facebook confirmed it is in discussions with the agency but declined to comment further. The FTC declined to comment. The two people familiar with the probe spoke on the condition of anonymity because they were not authorized to discuss the private talks.

A multi-billion dollar fine would amount to a reckoning for Facebook in the United States after a series of privacy lapses that may have put the personal information of its users at risk. Lawmakers have faulted the company for mishandling that data while failing to crack down on other other digital ills, including the rise of online hate speech and the spread of disinformation from Russian operatives and other foreign actors.

You know, I really don’t think this is enough of a punishment. Facebook is a company that because of all its bad behavior needs to be wiped off the face of the Earth. Forever. A fine is simply not enough for them to atone for their sins because their sins are so great. Governments around the world should make it so difficult for Facebook to exist that they just die. And they should do it now.

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